1pm update - three warnings

US equities remain seeing minor weak chop in the sp'1965/50 zone. Market looks set to continue in chop mode until at least Wednesday afternoon.. when the Fed are set to announce the official end of QE3.. aka.. QE infinity. Not so infinite... after all.


sp'daily5c - 3 warnings

Summary

*As for the above chart, it is something I'll be highlighting often in the days ahead.
--

The good thing is that the levels are pretty clear.

Sustained price action >1970.. and the doomer 'crashy' scenario is off.

A break <1900 offers a free fall move to the 1650s.
--

Notable weakness, Oil/gas drillers, RIG, SDRL, both lower by around -4%